477 Hill, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 1 bath
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Laguna Beach, California 92651
This Hybrid Residential Asset represents a Strong Value Opportunity, listed at $2,970,000—positioned well below the $3,028,601 Fair Market Value by 2%. This valuation gap offers $58,601 in Instant Equity. Featuring a Condition Rating of 4, the property includes a newly refurbished Detached Casita and rare R2 Zoning on a flat 5,000 sq. ft. lot. With its prime North Laguna location and ocean views, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 Hill Subject | $2,970,000* List Price | 2 | 1 | 940 | $3,222 | - |
A 475 Jasmine Sold | $3,500,000 | 2 | 1 | 1,098 | $3,188 | 0.3 mi |
B 397 Poplar Street Sold | $2,850,000 | 2 | 3 | 1,000 | $2,850 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1938 build that is well-maintained and move-in ready, but the main house features a dated kitchen with older tile countertops and appliances consistent with a renovation over 20 years old. While the detached Casita was refurbished in 2025, the primary residence requires cosmetic and likely system updates to meet modern standards.
The rare R2 zoning on a flat, usable 5,000-square-foot lot provides significant opportunity for multi-unit development or a larger two-story residence with enhanced ocean views.
Situated in a highly coveted and quiet neighborhood, the property offers the perfect balance of coastal privacy while being just a short distance from the Village and Main Beach.
A newly refurbished detached casita with a kitchenette and 3/4 bath adds valuable flexible space for guests, a home office, or a creative studio.
The main residence is quite compact at only 940 square feet with a single bathroom, which may be restrictive for buyers seeking a larger primary living area.
Built in 1938, the original cottage may require significant modernization or structural updates to meet the expectations of contemporary luxury buyers despite its move-in-ready status.
Perched in a coveted North Laguna Beach location, this move-in-ready coastal cottage captures ocean views on a very quiet 5,000-square-foot flat usable lot. A short distance to the Village and Main Beach, the property offers the ultimate blend of convenience and coastal charm. Behind a private gated entrance, the two-bedroom, one-bath residence features abundant natural light, a wood-burning fireplace, and inviting outdoor living spaces designed for entertaining and relaxation. A detached Casita, refurbished in 2025, with a 3/4 bath and cute kitchenette provides flexible accommodations for guests, a home office, or studio. The rare R2 zoning offers possible development opportunities, including multi-unit potential. A future two-story building would have additional ocean views. Buyer to independently verify. An exceptional offering in one of Laguna Beach’s most desirable neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 940 | 2,351 |
| Lot Size | 5,000 | 6,231 |
| Price | $2.97M | $3.25M |
| Price per sq ft | $3.2K | $1.7K |
| Built year | 1938 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 27 | 71 |
Jun 25, 2026
$2,970,000
Initial Listing